NMDC Registers Growth In Iron Ore Sales
National Mineral Development Corporation Limited (NMDC) achieved a growth of 11.56 per cent and 8.20 per cent in production and sales of iron ore respectively in the nine-month period ending December 2014. The company produced 22.50 million tonnes of iron ore from Chhattisgarh and Karnataka mines during the period compared with 20.17 million tonnes in the same period previous year. Sales stood at 22.83 million tonnes as compared with 21.10 million tonnes in the corresponding period previous year. NMDC is executing a 3-million tonne steel plant at Nagarnar in Chhattisgarh at a estimated cost of Rs 15,525 crore. The company proposes to complete the project by October 2016, according to earlier reports.